How much should you plan on saving for college? Use this calculator from Upromise.com to find out. Answer each question by dragging the indicator to your response and see how your child's college fund will grow!
*Sources for "Total College Cost:" The College Board; Standard & Poor's Financial Communications. Based on average 2006/07 costs for the type of school selected. All costs include tuition, fees, room and board, except 2-year public, which includes tuition and fees only. Projections assume a hypothetical 4 percent annual increase in costs, are for illustrative purposes only and cannot be guaranteed. Individuals may want to consult with a financial advisor about how these projections relate to their own situations.
** "Projected Savings" value assumes the user's indicated rate of return compounded annually, which cannot be guaranteed.
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.